The Bank of Italy’s stance suggests central banks view CBDCs as more effective than MiCA’s regulations for controlling crypto’s systemic risks. Digital euros could provide state-backed alternatives to stablecoins while enabling transaction monitoring capabilities. This approach prioritizes monetary policy control over fostering innovation, creating tension with crypto industry advocates of lighter-touch regulation.
How did institutional activity influence Dogecoin’s 10% price swing?
Institutional capital drove Dogecoin's extreme volatility, with volume spikes of 735 million DOGE during sell-offs and 22 million during recoveryβfar exceeding the 415 million 24-hour average. Strategic exits between 14:00-15:00 UTC and 01:00-03:00 UTC catalyzed the...